New Scottish Investment To Create More Jobs

10 Oct 2012 by Geoff Newman

It has been revealed that Scotland is to invest even more money into its oil and gas industry, creating new employment opportunities and ensuring that the nation stays on the world stage as a leader in energy. Fergus Ewing, the energy minister, explained that a new fund of £10m would be invested in new and innovative strategies, helping to advance the sector and boost jobs.

The new fund will be operated by Scottish Enterprise in conjunction with the Industry Technology Facilitator and the Highlands and Islands Enterprise. Money will be prioritised for new technologies and innovations that could make forward leaps in the gas and oil industry. It is likely that this money will not only fund some radical new energy processes but also create a wealth of employment opportunities.

Mr Ewing said that it was important for Scotland to remain one of the world’s best suppliers of gas and oil. “With more than half of the value of the North Sea's oil and gas reserves yet to be extracted, up to 24 billion recoverable barrels with a potential wholesale value of £1.5 trillion, oil and gas will remain an enormous economic resource for decades to come,” he said, adding that the new strategy developed by the government would ensure that the gas and oil sectors continue to prosper.

The energy sector is a large employer across Britain, and recruitment agencies should look to the industry for the placement of many staff. With the latest report, it seems that more jobs will be created north of the border than ever before.